Should I pay off my mortagage?
Paying off the mortgage on your residence is a cornerstone of a solid conservative financial plan. Yes, you will lose the tax deduction but you are saving the interest expense. Some financial planners advise taking a mortgage on your home to invest in financial products, but this is a risky plan. Owning your home outright provides a good deal of long term financial security. If it is more home than you need in retirement, you can sell it at some point and downsize.